HomeMy WebLinkAbout1626and shall perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be null and void.
the mortgagor Iten~by further covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided for in said note and this mortgage, or either, to pay all and
singular the lases, assessments, levies, liabilities, obligations, and encumbrances of every nature on sold pro-
perty; to permit, commit or suffer no waste, impairment or deteriorolion of said land or the improvements
thereon of any lime; to leeep the buildings now or hereafter on said lnrtd fully Insured in a sum of not Less
than
in a company or companies acceptable to the mortgagee, the policy or policies to be held by, and payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any sttrpltts: to pay all costs, cha-ges, and expenses, including lawyers fees and Ittle
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
and fully comply u+ith the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either; to perform, comply with and abide by each and every the agreements, stipulations, rnnditfons and
covenants set forth in said note and this mortgage or either. 1n the event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest hzw-
jttl rate then nllotvecl by the tau-s of the State of Florida.
~` any sum of money herein referred to be not promptly paid within 30 days next after
the same becomes due, or ij each and every the agreements, stipulations, rnndilions and rnvenants of said
note and this mortgage, or either, are not fully perjornied. complied with and abided by, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid the-+eon, shall forthwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute a u+ait+er of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~itneSS whereof, the said mortgagor has hereunto signed and sealed these presents the
day and year first above u+ritten.
ONECO STEEL FENCE CORPORATION
Signed, sealed and delivered in the presence of
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STATE OF FLORIDA,
COUNTY OF Orange
I HEREBY CERTIFY that on this day, before nx, as
officer duty authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
CHARLES R. BENTLEY, as President for ONECO STEEL FENCE CORPORATION,
a corporation organized and existing under the laws of tie State of l
to me known to be the person described in and who executed the foregoing instrument and a acknowkd~ed
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before me that he executed the same. _ -
WI7TVESS my hand and official seal in the County and State last aforesaid thu ~- 2 ~ -... diy o[
August , A. D. 19 69 .
Hyo REtoROE~ :.
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